Palantir Technologies Inc

PLTR

Equity

ISIN US69608A1088 / Valor 36244719

New York Stock Exchange, Inc (2024-09-17)

USD 36.45+0.39%

Palantir Technologies Inc
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About company

Palantir Technologies Inc. is a specialized software company that focuses on creating platforms for data integration, analytics, and security. Founded with a background in intelligence and defense, the company has developed a reputation for providing advanced data analysis tools that cater to government agencies, defense departments, and private sector clients across various industries. Palantir's offerings are designed to enable organizations to process and analyze large volumes of data to make informed decisions, while ensuring high standards of security and compliance. The company's commitment to security is underscored by its certifications and attestations of compliance with some of the most stringent standards, including FedRamp and IL5. This emphasis on secure collaboration reflects Palantir's foundational approach to integrating complex data landscapes in a manner that is both effective and protected against potential threats.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Palantir Technologies Inc. reported a significant increase in revenue for the second quarter of 2024, reaching $678.1 million, compared to $533.3 million in the same quarter of the previous year. This represents a year-over-year growth of approximately 27.2%, highlighting the company's expanding market presence and customer base.

Net Income

For the second quarter of 2024, Palantir Technologies Inc. achieved a net income of $135.6 million, a substantial improvement from the $27.9 million reported in the second quarter of 2023. This increase in net income underscores the company's enhanced operational efficiency and profitability.

Earnings Per Share

Palantir Technologies Inc. reported earnings per share (EPS) of $0.06 for the second quarter of 2024, up from $0.01 in the same period of the previous year. This increase in EPS reflects the company's strong financial performance and ability to generate higher returns for its shareholders.

Operating Expenses

In the second quarter of 2024, Palantir Technologies Inc.'s total operating expenses were $444.2 million, compared to $416.3 million in the second quarter of 2023. The increase in operating expenses is attributed to higher investments in sales, marketing, and research and development to support future growth.

Cash Flow

Palantir Technologies Inc. reported a net cash provided by operating activities of $273.8 million for the first half of 2024, compared to $277.6 million in the same period of 2023. This stable cash flow indicates the company's strong operational performance and ability to generate cash from its core business activities.

Summarized from source with an LLMView Source

Key figures

138%1Y

27.0%3Y

%5Y

Performance

61.8%1Y

66.5%3Y

70.9%5Y

Volatility